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Young Bitcoin millionaire dies in suspected suicide after having fortune stolen

7 May, 2018 9:17pm

2 minutes to read

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Bitcoin is a type of digital currency that allows people to buy goods and services and exchange money without involving banks, credit card issuers or other third parties. Its origins have long been a mystery -- though an Australian man long rumored to have ties to bitcoin has come forward claiming to be its creator.

A Bitcoin millionaire who was robbed of more than $500,000 after showing bundles of cash on his kitchen table while boasting about his fortune on social media has died in a suspected suicide after he was left penniless.

Blogger Pavel Nyashin, 23, lost 24 million Russian rubles (NZ $539,000) after being targeted when he posted videos showing piles of cash on the internet.

The videos accidentally gave away his address and made him an easy target for robbers.

The incident happened after he bragged about all his money on social media. Photo / Australscope